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CHINA MINOR METALS MARKET 12/06: Weak demand drags manganese flake, selenium down

June 13, 2020 / www.metalbulletin.com

An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More

China's NEV sector improves in May but still down annually

June 13, 2020 / www.metalbulletin.com

China's output and sales of new energy vehicles (NEVs) continued to increase month on month in May but figures are still down on an annual comparison, reflecting the sharply reduced subsidies. China produced 84,000 NEVs in May, including pure electric vehicles (PEVs) and plug-in hybrids. This was up by 5% from April, but down by 25.8% from May 2019, according to data released by the China Associat...Read More

EUROPE STAINLESS STEEL: Poor demand cancels out higher alloy surcharges to leave prices flat

June 13, 2020 / www.metalbulletin.com

The price of stainless steel in Europe has remained unchanged despite the attempts by mills to incorporate higher monthly alloy surcharges into transaction prices, sources told Fastmarkets on Friday June 12.Demand is too weak to support any price rises, they added. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Eu...Read More

GLOBAL CHROME SNAPSHOT: UG2, Chinese domestic market backtracks on slowing demand

June 13, 2020 / www.metalbulletin.com

Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday June 12China The five-week uptrend in UG2 chrome ore prices stalls on softer buying interest, with market participants on both sides reporting a slowdown in inquiriesThe domestic spot ferro-chrome price narrowed downward on...Read More

Imperial, Newcrest confirm high-grade mineralization at Red Chris

June 13, 2020 / www.northernminer.com

Exploration drilling has confirmed the continuity of high-grade mineralisation at the Red Chris copper-gold mine in northwest British Columbia, 80 km south of Dease Lake and 1,700 km from Vancouver.The mine is a joint venture between Imperial Metals (TSX: III) and Australian miner Newcrest Mining (ASX: NCM). Newcrest holds a 70% stake and Imperial a 30% interest. Newcrest is the mine operator.The...Read More

Copper price rally could be short-lived, analyst says

June 13, 2020 / www.northernminer.com

Copper prices surged to their highest levels in nearly three months on June 11, reaching US$5,801.5 per tonne (US$2.63 per lb.) on the London Metals Exchange (LME), up almost 20% from a low of US$4,854 per tonne (US$2.20 per lb.) on March 5, when commodity markets started to free-fall due to the Covid-19 pandemic.A ramping-up of demand from China, the top consumer of the red metal, is now fuelling...Read More

Diamonds Snapshot: Six juniors staying in the game

June 13, 2020 / www.northernminer.com

For companies without the size and heft of the big producers De Beers and Alrosa, the diamond space has always been a challenging one - even before the coronavirus pandemic. But with long-term fundamentals that point to a bright future for diamonds, some juniors are finding ways to advance their projects, despite the tough times. Here's a look at several active Canadian-based diamond explorers (an...Read More

Zijin Mining the mystery miner buying Guyana Goldfields

June 13, 2020 / www.northernminer.com

China's Zijin Mining has emerged as the unnamed multinational that trumped Silvercorp Metals' (TSX: SVM; NYSE: SVM) bid for Guyana Goldfields (TSX: GUY), with a deal that values the target miner at $323 million (US$238 million).The Fujian-based mining giant has offered Guyana Goldfields $1.85 in cash for each common share, which is 35% higher than Silvercorp Metals' proposal.Prior to signing the a...Read More

Australia fast-tracks Glencore's Valeria coal project

June 13, 2020 / www.northernminer.com

Australia's state of Queensland has granted Glencore's (LSE: GLEN) A$1.5-billion (US$1 billion) Valeria coal mine the status of "coordinated project" in order to fast-track it, as the nation seeks alternatives to kickstart the recession-ridden economy.The decision will bring environmental and other assessments for the mine, expected to produce 20 million tonnes of coal annually for 35 years, under...Read More

VIETNAM STEEL SCRAP: High offers cause buyers to stay away

June 13, 2020 / www.metalbulletin.com

High offers for Japanese and United States-origin ferrous scrap saw Vietnamese buyers stay away from the spot import market in the week to Friday June 12, with some market participants suggesting that prices have peaked and are likely to move down from now on.There was a confirmed transaction at $278 per tonne cfr southern Vietnam this week and rumors of a transaction at $275 per tonne cfr souther...Read More

Costlier raw materials drive up Southeast Asian billet prices

June 13, 2020 / www.metalbulletin.com

Prices for steel billet in Southeast Asia rose over the past week amid costlier steelmaking raw materials, sources said.Iron ore prices rose above $100 per tonne cfr China for the first time this year on May 29 due to concerns over a shortfall of Brazilian material, and have mostly stayed above that level so far in June. Scrap prices in the bellwether Turkish import market have also been on an upw...Read More

Argonaut receives key permit for Magino

June 12, 2020 / www.northernminer.com

Argonaut Gold (TSX: AR) has completed a key permitting milestone for its Magino project, which included consultation with Indigenous communities and members of the public.The completed Schedule 2 amendment of the Metal and Diamond Mining Effluent Regulations is an important authorization for the site, according to the company."From a permitting perspective, the completion of the Schedule 2 process...Read More

Commentary: It's time for the mining industry to speak out on George Floyd

June 11, 2020 / www.northernminer.com

George Floyd has galvanized the world in a manner that countless other race-related murders have not. It is a moment to be seized and First Cobalt has lent its voice to change on Twitter:No one is born hating another person because of the color of his skin, or his background, or his religion. People must learn to hate, and if they can learn to hate, they can be taught to love, for love comes more...Read More

Swerving the sin bin

June 12, 2020 / www.mining-journal.com

Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesIn a less frenzied news environment, Nornickel's Arctic fuel spill might have found its way onto a few more front pages, especially in the l...Read More

RT @GreenlaneBiogas: The #GreenlaneDigest for June 12th ????,? [

June 13, 2020 / www.greenlanerenewables.com

Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More

New Gold Rises as Much as 12.9% on Series of Financing Deals

June 12, 2020 / dlvr.it

The gold miner is making moves to improve its near-term financial flexibility.Read full newsRead More

@KurtSchlichter @drawandstrike Inside Chaz this morning

June 12, 2020 / www.youtube.com

This is the official YouTube Channel for the United States Court of Appeals for the District of Columbia Circuit. For more information regarding the Court's ...Read full newsRead More

Top Stories This Week: Big Gold Miners "Almost Have to Buy", Copper's Future in Question

June 12, 2020 / youtu.be

M&A activity has been a theme in the gold space this year, and this week I got another perspective from Byron King of Agora Financial. As part of an extensiv...Read full newsRead More

$GTCH Getchell Gold Enthusiastic Regarding Latest Project Acquisitions in Nevada

June 12, 2020 / bit.ly

Getchell Gold Corp. (CSE:GTCH, OTCQB:GGLDF) independent director Mike Sieb was recently featured on the #Finance podcast.Read full newsRead More

$NVX $NVGLF NV Gold Finalizing Exploration Plans for Its Slumber and Sandy Gold Projects in Nevada

June 12, 2020 / bit.ly

NV Gold Corporation is pleased to announce, with the recent complRead full newsRead More

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